With the spread of Covid-19 bringing the UK housing market to a standstill and shaking financial markets across the world, families who have lost loved ones leading up to the outbreak of the pandemic, could be seeing some of their assets plummet in value. If inheritance tax has already been paid on those assets on the basis of their higher values in the pre-Covid world, an inheritance tax rebate could be due.

With the spread of Covid-19 bringing the UK housing market to a standstill and shaking financial markets across the world, families who have lost loved ones leading up to the outbreak of the pandemic, could be seeing some of their assets plummet in value. If inheritance tax has already been paid on those assets on the basis of their higher values in the pre-Covid world, an inheritance tax rebate could be due.

A significant number of family businesses do not have a succession plan in place. Failure to address this is likely to be to the detriment of the business in the long-run. The family need to decide what the future of the business looks like, and crucially which family members, if any, wish to be involved.

A significant number of family businesses do not have a succession plan in place. Failure to address this is likely to be to the detriment of the business in the long-run. The family need to decide what the future of the business looks like, and crucially which family members, if any, wish to be involved.

Principal makes way for next gen succession at H&M, Louis Dreyfus Company heiress open to selling stake and Hong Kong headwinds hit LVMH.

Principal makes way for next gen succession at H&M

The billionaire Persson family principal of Sweden’s Hennes & Mauritz has called for his son to succeed him as chairman as the $1.7 billion fast fashion family business welcomes its first female chief executive in its 73-year history.

Australia’s leading family of brewers has restructured its senior management to enable the fifth generation to transfer from commercial to custodial roles while the upcoming sixth generation learns the business.

Australia’s leading family of brewers has restructured its senior management to enable the fifth generation to transfer from commercial to custodial roles while the upcoming sixth generation learns the business.

Coopers Brewery said the organisational restructure was designed to provide additional support for Dr Tim Cooper (pictured), fifth-generation managing director, and to provide a more effective and efficient engagement with customers. The changes included the appointment of a general manager and the recruitment of a national marketing manager.

Trussardi is the latest Italian family-owned heritage brand to accept a buy-out following a €50 million deal with an asset management firm that targets struggling businesses.

Trussardi is the latest Italian family-owned heritage brand to accept a buy-out following a €50 million deal with an asset management firm that targets struggling businesses.

The 108-year-old fashion house said the injection from QuattroR would underwrite its five-year international development plan. The plan was agreed with Tomaso Trussardi, the third-generation chief executive who will act as chairman of the new entity.

The hot streak of multi-billion dollar mergers and acquisitions among major family businesses this year shows no signs of cooling with separate integrations involving Japan’s oil family Idemitsu and India’s steel family Tata.

The hot streak of multi-billion dollar mergers and acquisitions among major family businesses this year shows no signs of cooling with separate integrations involving Japan’s oil family Idemitsu and India’s steel family Tata.

Idemitsu Kosan, Japan’s second-largest oil wholesaler, is controlled by the founding Idemitsu family. Discussions have resumed with the country’s fourth-ranked rival refiner Showa Shell Sekiyu for a “business integration to enhance the corporate value of both companies,” Idemitsu Kosan said.

Twenty-First Century Fox, controlled by the Murdoch family, has announced it plans to delist from the Australian Stock Exchange (ASX), only six months after it was first listed as a standalone company, to simplify its capital structure.

Twenty-First Century Fox, controlled by the Murdoch family, has announced it plans to delist from the Australian Stock Exchange (ASX), only six months after it was first listed as a standalone company, to simplify its capital structure.

According to chairman and chief executive Rupert Murdoch, the film and entertainment company no longer had sufficient operations in Australia to justify the listing.